Airbag Control Unit Market Size, Trends, Opportunities and Advances

Airbag Control Unit Market Size, Challenges, Strategies and Developments

The airbag control unit market is anticipated to grow from USD 9.1 billion in 2025 to USD 14.99 billion by 2034, with a compound annual growth rate (CAGR) of 5.73% during the forecast period from 2025 to 2034.

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Introduction

The airbag control unit market is a crucial segment of the automotive component industry. This industry deals in manufacturing and distribution of ACUs for enhancing safety in vehicles. It helps in detecting accidents and used for recording event data. These automotive components are designed for several vehicles including passenger cars and commercial vehicles. The ACUs finds applications in driver airbags, passenger airbags, side airbags and knee airbags. It is available in a distribution channel comprising of OEMs and aftermarket. The rising demand for passenger cars in different parts of the world has contributed to the industrial expansion. This market is predicted to grow significantly with the growth of the EV sector around the globe.

• According to the ASEAN stats, around 6233300 passenger cars were sold in Myanmar in 2023 that increased to 6288800 in 2024.

Highlights of the Airbag Control Unit Market

• Asia Pacific dominated the airbag control unit market due to the rising automotive production in this region.
• Europe is expected to grow with a significant CAGR due to the presence of several EV manufacturers in this region.
• The passenger vehicles segment dominated the market due to the growing demand for sedans across the world.
• The OEMs segment led the market due to the rapid investment by OEMs for developing advanced ACUs for enhancing safety in vehicles.

Airbag Control Unit: Stats and Figures

• According to the NHTSA, around 88% of the airbags in vehicles were repaired or replaced till April 2024.
• According to the OICA, around 134,484 passenger cars were sold in Greece during 1st and 4th quarter of 2023.
• According to the ACEA, the auto components exports reached US$ 21.2 billion during FY 2023-24.
• According to the IBEF, the automotive component industry size was valued at US$ 74.1 billion in FY 2024.

Industry Leader Announcement

In July 2023, Dr. Nick Song, the Vice President of Passive Safety Systems at ZF Group, Backed by the huge Chinese automotive market and Wuhan's talent resources, our Wuhan plant will become the largest airbag production base for ZF Passive Safety Division in the Asia-Pacific region. The new Wuhan plant will be able to serve customers in the region with economy of scale and respond quickly to market demand, In the future, with the upgrading of consumption, technological progress and the improvement of national laws and regulations on driving safety standards, automotive occupant safety system products will continue to improve the configuration of a car, adding value and gaining stable growth.”

Geographical Insights

Asia Pacific held the largest share of the airbag control unit market. The rising government initiatives for mandating airbags in vehicles has boosted the market expansion. Moreover, the growing investment in the automotive sector by private and public entities coupled with rise in number of automotive component startups is driving the market growth in this region.

In Asia Pacific, India and China are the major contributors of this region. In India, the market is generally driven by the rising government initiatives aimed at enhancing safety in vehicles along with the presence of several automotive brands such as Tata, Mahindra, Maruti Suzuki and some others. In China, the market is boosted the by the rising sales and production of vehicles. Moreover, the technological advancements in automotive sector is driving the industrial expansion in this country.

Competitive Landscape

The airbag control unit market is a highly fragmented industry with the presence of several dominating players. Some of the crucial players in this industry consists of Robert Bosch, Key Safety Systems, Mitsubishi Electric, Continental AG, Aptiv Plc, Toyoda Gosei, Denso Corporation, and some others. These companies are constantly engaged in developing ACUs and adopting numerous strategies to maintain their dominant position in this industry.

• According to the annual report of Toyoda Gosei, the annual revenue of 2023 was 951877 million yen in 2023 that increased to 1071107 million yen in 2024.

Market Segmentations

By Vehicle Type

• Passenger Vehicle
• Commercial Vehicle

By Distribution Channel

• OEMs
• Aftermarkets

By Application

• Driver Airbag
• Passenger Airbag
• Side Airbag
• Knee Airbag

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa